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BUSINESS
Oct 25, 2001

Coalition finalizes bill adding to RCC's power

The ruling coalition finalized a bill Wednesday to expand the government-funded Resolution and Collection Corp.'s powers to clean up banks' nonperforming loans.
JAPAN
Oct 25, 2001

Tokyo ward eyes 5 yen tax on plastic shopping bags

Officials of Suginami Ward, Tokyo, said Wednesday they will propose that a 5 yen tax be imposed on each petroleum-based plastic shopping bag used in the ward's supermarkets and grocery stores, with the aim of reducing garbage.
BUSINESS
Oct 25, 2001

Shiokawa slams bond-issuance plan

Finance Minister Masajuro Shiokawa on Wednesday countered a bond-issuance plan floated by Heizo Takenaka, economic and fiscal policy minister, that aims to help the Cabinet achieve its 30 trillion yen bond issue cap for fiscal 2001.
JAPAN
Oct 25, 2001

Cult brush tars modern faiths

Almost half a year after Nissan Motor Co.'s Murayama plant was shut down, the automaker announced in July it was considering selling a large portion of the 1.39-million-sq.-meter property to a Buddhist organization.
JAPAN
Oct 25, 2001

DPJ spotlights ministry spending

A Democratic Party of Japan lawmaker told a Lower House panel on Wednesday that he suspects the Foreign Ministry has spent several hundred million yen in funds "pooled" at Mitsukoshi Ltd. to buy paintings, liquor, accessories and other luxury items.
JAPAN
Oct 25, 2001

Farm ministry seeks billions for beef industry

The Agriculture, Forestry and Fisheries Ministry plans to ask for 104.2 billion yen to aid the livestock industry, struggling in the wake of last month's discovery of mad cow disease, ministry officials said Wednesday.
BUSINESS / ON THE FRONT LINE
Oct 25, 2001

Dollar could test higher ground in future

The dollar has snapped out of its holding pattern and now appears poised to gain further ground against the yen in the months ahead.
BUSINESS
Oct 25, 2001

Support key to Moody's bank ratings

Moody's Investors Service Inc. said Wednesday that when it rates financial institutions affiliated with the Japanese government, it emphasizes the level of commitment the state gives them more than the institutions' own financial health.
BUSINESS
Oct 25, 2001

Fujitsu announces additional job cuts

Fujitsu Ltd. plunged into the red for the first half of its business year as the global slump in information technology dealt a blow to its core communications and electronics businesses.
BUSINESS
Oct 25, 2001

Supermarkets down, department stores up

Supermarket sales fell in September from a year earlier for the 34th straight month, but department stores saw increased business for the first time in three months, industry groups said Wednesday.
BASEBALL / MLB
Oct 25, 2001

Swallows a win away from fifth Series title

The big guns drew blanks for the Yakult Swallows on Wednesday, but a role player picked up the slack.
JAPAN / INTERNATIONAL RATIONALE
Oct 25, 2001

Foreign equity funds' ways changing face of Japan Inc.

When hunting for a company to buy out, Kenji Ueda doesn't wait to be introduced. The Ripplewood Holdings LLC executive director makes his phone calls cold.
BUSINESS
Oct 25, 2001

Asia holds key to GM's outlook, chairman says

The boss of American auto giant General Motors Corp. believes the Asia-Pacific market will dictate the carmaker's global sales outlook.
JAPAN
Oct 25, 2001

Tokyo Shogin illegal loan case deepens

The former head of failed credit union Tokyo Shogin, already under arrest on suspicion of embezzlement and extending 1.62 billion yen in illegal loans, provided another 3 billion yen in illegal loans to a Tokyo business group, investigative sources said Wednesday.
BUSINESS
Oct 25, 2001

Key panel pushes for 27% cut in public works spending

A key government panel chaired by Prime Minister Junichiro Koizumi believes spending on public works projects should be cut by 27 percent over the next five years, according to the draft of a fiscal policy proposal obtained Wednesday by Kyodo News.
OLYMPICS
Oct 25, 2001

New president outlines JOC plans

New Japanese Olympic Committee president Tsunekazu Takeda said Wednesday that he would like to send Japanese athletes to the Salt Lake City Olympics in February as long as the Winter Olympic Games go ahead.
JAPAN
Oct 25, 2001

Plan for mentally ill criminals criticized

Mental health workers on Wednesday urged the Health, Labor and Welfare Ministry to scrap plans to establish special facilities to confine mental patients who have committed serious crimes, arguing the facilities would reinforce prejudices.
BUSINESS
Oct 25, 2001

Tab swells for Trade Center attack

The nation's 29 nonlife insurers are likely to pay a total of 30.4 billion yen for damages related to the Sept. 11 terrorist attacks in the United States, an industry association said Wednesday.
BUSINESS
Oct 25, 2001

All sellers, no buyers equals no opportunities in Osaka

OSAKA -- The 16th Global Business Opportunities Convention wrapped up in Osaka on Wednesday evening in an atmosphere of disappointment on the part of organizers and participants.
JAPAN
Oct 25, 2001

Government mulls thawing loan-freeze against Pakistan

The government began studying Wednesday providing new loans to Pakistan, government sources said.
MORE SPORTS
Oct 25, 2001

Japanese gymnasts will not travel

reaffirmed its decision not to send a team to next week's World Championships in Belgium after meeting with gymnasts Tuesday. The JGA announced last Thursday it would not take part in the championships, getting under way Sunday, over concerns arising in the wake of U.S.-led air strikes in Afghanistan....
BUSINESS
Oct 25, 2001

Fuel cells, IT on stage at motor show

MAKUHARI, Chiba Pref. -- The 35th Tokyo Motor Show opened to the media Wednesday, showcasing concept cars, motorbikes and the latest auto parts at the Makuhari Messe international event hall.
SPORTS / SPORTS SCOPE
Oct 25, 2001

And the AL MVP winner is . . .

Forget about the American League Rookie of the Year Award. Ichiro Suzuki bagged that puppy back in May with a 23-game hitting streak. The million-dollar question is: Who will win the AL MVP Award? Ichiro has a shot at becoming the first rookie since Fred Lynn in 1975 to garner the honor.
JAPAN / Science & Health / NATURAL SELECTIONS
Oct 25, 2001

Tales from the well-made crypt

Fifty years ago, archaeologists used an oil-rig drill to bore 53 meters below the surface of a mound in Gordion, Turkey, the ancient capital of Phrygia. Underneath the limestone-rich earth was the oldest intact wooden structure in the world, a 5 x 6 meter chamber dating from the eighth century B.C. The...
ENVIRONMENT / OUR PLANET EARTH
Oct 25, 2001

Cedar cull may still leave pollen victims fuming

This week's column is about air pollution, principally emissions from diesel engines. But first, the forest and cedar trees.
JAPAN
Oct 25, 2001

Think tank calls for shift to green economy

Japan should promote "green" taxes, a new global environment policy organization and other innovative policies in the runup to Earth Summit 2002 to be held in Johannesburg next fall, a leading think tank said Wednesday.
JAPAN
Oct 25, 2001

Interest in new religions mirrors social change

While the definition of "new religion" varies among scholars and religious groups, the term is generally used for groups founded sometime between the mid-19th century, when Japan started modernizing, and the mid-1970s.
JAPAN
Oct 25, 2001

Curbs urged on South Korean DRAM

Four major electronics makers may ask the government to impose punitive duties on what they call unfairly cheap semiconductor imports from South Korea, industry sources said Wednesday.

Longform

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